Listings increasing everywhere

Along with high mortgage rates and home prices, the lack of inventory has severely hurt the housing market over the last several years. While prices and interest rates remain high, the number of listings has increased, in some cases dramatically over the last year.

The South leads the way with a 47.2% increase in May. The West was second with a 34.5% followed by the Midwest with a 20.5% increase. The Northeast was a distant fourth at 9.4%.

While all this is good news, of course, it’s important to keep in perspective that current listings are still down 34.2% form 2017-2019 levels.

Leave a Comment